Tesla sticks by Model 3 target, warns spending could rise in 2018

SAN FRANCISCO (Reuters) - Tesla Inc said on Wednesday it was sticking with Chief Executive Elon Musk's revised production targets for its Model 3 sedan, cheering investors who have put up with two delays, but the electric automaker's plans to raise sp...

SAN FRANCISCO (Reuters) - Tesla Inc said on Wednesday it was sticking with Chief Executive Elon Musk's revised production targets for its Model 3 sedan, cheering investors who have put up with two delays, but the electric automaker's plans to raise spending this year underscored its growing need for cash.